What is online money transfer?

| Monday, August 3rd, 2015


Yes. All the brokers listed on our site have online platforms. These platforms allow you easy 24/7 access to their service and you can manage the process and view your transactions and reporting. Some providers on the site only offer online services. In our comparison table, you will be able to see this under the “Types of Transfer” section.

How the online process works:

Once you have registered with the chosen provider you will receive a username and password. The next step is to log into an automated system and buy currency at live rates, as much or as little as you want. All trades are confirmed instantly and customer service is on hand to deal with any issues you may have. In some cases, your first trade will be reviewed by a customer service team to help you through the process.

Key benefits in using an online platform:

  • Transparency and real-time tracking
  • No offline transaction fees
  • Allows the business or individual to take control of money transfers
  • Execution only system passes savings directly onto the customer
  • Simple transfer process
  • Fast and Cost Effective
  • Save recipients and automate a repeatable process
  • Security (every provider listed on our site is regulated by the relevant Government body in the country they operate in)

See Also:


Or find our best deals by comparing now

Help and Support - Money Transfer FAQs | FXcompared

Money Transfer Comparison

Results are ranked in order of the best overall deal, taking into account transfer times, rates, fees, and customer service.

Money Transfer Reviews

Use our Currency Tools

Currency Volatility Tool - assess the impact of currency risk

Currency Analysis Tool - conduct an audit of historical transactions

How to Transfer Money from Australia to UK

How to Transfer Money from Australia to USA

How to Transfer Money from the USA to the UK

How to Transfer Money from the USA to Canada

How to Transfer Money from the UK to the USA

How to Transfer Money from the UK to Australia

How to Transfer Money from Canada to the UK

How to Transfer Money from UK to Spain

Email us:

Call us:

+44 (0)203 828 1923 (UK)
Mon-Fri 10am-6pm (UTC)

+1 212 600 8553 (US)
Mon-Fri 10am-6pm (EDT) is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.